Home Depot to Sell Excess Parking Spots

Here's a sale item at Home Depot that you won't see in one of its promotional flyers: prime parking spots. Home Depot has miles of aisles and millions of square feet of retail space, but it's easy to forget just how many acres of parking lots the company has for its 2,242 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China. All that real estate on prime retail shopping strips is a valuable asset, and to generate some extra cash the company is apparently willing to sell some of its more under-utilized parking spots to nearby retail neighbors, according to an article in the Atlanta Journal-Constitution. The article said Home Depot has “identified marketable portions of lots at hundreds of stores,” and that its stores typically sit on 12 to 15 acres.